Current:Home > FinanceGeorgia seaports handled a record number of automobiles in 2023 while container trade dropped 16% -Quantum Capital Pro
Georgia seaports handled a record number of automobiles in 2023 while container trade dropped 16%
View
Date:2025-04-22 16:25:35
SAVANNAH, Ga. (AP) — The Georgia Ports Authority said Tuesday that it moved a record number of automobiles across its docks in Brunswick last year, while goods shipped to Savannah in cargo containers declined 16%.
The Port of Brunswick rolled more than 775,000 autos and heavy machinery units on and off ships in the 2023 calendar year, when U.S. auto sales saw their biggest increase in more than a decade. That is the port’s highest ever auto and machinery total and an increase of more than 15% over the previous year.
The news comes as port authority CEO Griff Lynch has set a goal of Brunswick surpassing the Port of Baltimore as the No. 1 U.S. port for automobile imports and exports. The Georgia agency is investing $262 million in upgrades and expansions to make room for growth at the Brunswick port, located about 70 miles (112 kilometers) south of Savannah.
“We have been investing in Brunswick. We’ve been creating capacity in Brunswick,” Lynch said in an interview, adding that more growth is possible in 2024. “Autos are strong. I mean, the economy will drive the autos, so we’ll have to see how that plays out. But right now, they’re strong.”
Auto shipments into Georgia boomed last year as sales surged amid pent-up demand following a computer chip shortage that slowed assembly lines.
Georgia’s push to become a Southern hub for electric vehicle production is expected to send more autos across Brunswick’s docks in the coming years. Hyundai is building its first U.S. plant dedicated to EVs west of Savannah, while electric truck maker Rivian is constructing a factory east of Atlanta. Kia last summer announced an expansion of its plant in West Point to manufacture electric SUVs.
Meanwhile, the Port of Savannah saw a notable dip in cargo shipped in containers, the giant metal boxes used to pack retail goods from consumer electronics to frozen chickens. Savannah is the fourth-busiest U.S. seaport for containerized cargo, behind only New York, Los Angeles and Long Beach, California.
Savannah handled 4.9 million container units of imports and exports last year, down 16% compared with calendar 2022. Lynch said retailers ordered less inventory as inflation and higher interest rates cooled consumer spending.
That could be changing. Savannah’s container numbers for January are on track to outpace the same month last year, and Lynch said he anticipates that trend will continue in the coming months.
“I fully believe that when we look at February and March and April, we should see some positive numbers year-over-year,” Lynch said. “The numbers are stronger than we anticipated.”
veryGood! (7)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Phillies fans give slumping shortstop Trea Turner an emotional lift
- Former Georgia lieutenant governor says he received grand jury subpoena
- A judge called an FBI operative a ‘villain.’ Ruling comes too late for 2 convicted in terror sting
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Once Colombia’s most-wanted drug lord, the kingpin known as Otoniel faces sentencing in US
- Carcinogens found at Montana nuclear missile sites as reports of hundreds of cancers surface
- North Carolina state budget won’t become law until September, House leader says
- Trump issues order to ban transgender troops from serving openly in the military
- Bachelor Nation’s Jason Tartick “Beyond Heartbroken” After Kaitlyn Bristowe Breakup
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Swarms of birds will fly over the US soon. Explore BirdCast's new migration tool to help you prepare.
- Liberty University Football Star Tajh Boyd Dead at 19
- Winfrey, Maddow and Schwarzenegger among those helping NYC’s 92nd Street Y mark 150th anniversary
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Back-to-school shopping could cost families a record amount this year. Here's how to save.
- USA TODAY Sports AFCA Coaches Poll: Georgia No. 1, Michigan has highest preseason ranking
- Apple 24-Hour Flash Deal: Save $429 on a MacBook Air Laptop Bundle
Recommendation
Travis Hunter, the 2
Chris Buescher outduels Martin Truex Jr. at Michigan for second straight NASCAR Cup win
Judges halt a Biden rule offering student debt relief for those alleging colleges misled them
Judges halt a Biden rule offering student debt relief for those alleging colleges misled them
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Security guard on trial for 2018 on-duty fatal shot in reaction to gun fight by Nashville restaurant
US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile
William Friedkin, director of 'The Exorcist' and 'The French Connection,' dead at 87